RizeSenpai

Double Bottom at ABCD/88.6% Confluence Zone With RSI Divergence

Long
FTX:MNGOUSD   Mango Protocol
This Double Bottom is looking pretty promising I set the Fibonacci tool up in logscale and that reveals that we are at the log-scale 88.6% retracement and from the looks of it are Double Bottoming while Forming Bullish Divergence on the RSI and as if that weren't enough we are also very near the PCZ of a Bullish ABCD which is just below us but the context of us showing bullish variables like this so very near the PCZ and at the 88.6% leads me to believe that right here and right now is a good spot to buy.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.